Daily Market Analysis

Technical analysis of AUD/CHF

Technical analysis of XAU/USD

Will EUR/CAD break the strong resistance?

On the daily chart of CAD/CHF, on June 3, the pair met support at 0.7382 and rebounded.

EUR/GBP Technical Analysis   The Backdrop The EUR/GBP pair has been steadily rising since May 6th as the uncertain political backdrop inside the United Kingdom continued to hurt the trading sentiment towards the British pound currency…

It's likely that the pair is going to test the closest resistance at 1.3563. If a pullback from this level happens next...

We should watch the next resistance at 1286.15 - 1295.25 as a potential target...

There's a bullish 'Hammer' pattern, which hasn't been confirmed enough. In this case, it's likely that the market is going to test...

We should watch the next resistance at 0.8860 - 0.8885 as an intraday target. If a pullback from these levels happens next...

There's a bearish 'Tower' pattern, which hasn't been confirmed yet. Thus, we should watch...

There's a bearish 'Thorn' pattern, which pushed the market lower. Also, we've got a bearish 'Flag', so the pair is likely...

The market is likely going to test the 34 Moving Average in the coming days...